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Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

NHTSA to study power-steering complaints in the Toyota Corolla

U.S. highway safety officials will begin a formal investigation into electric power steering complaints in the Toyota Corolla, a person familiar with the plan said. The National Highway Traffic Safety Administration study will focus on vehicles from the 2009 and 2010 model years, said the person, an agency representative who didn't want to be identified before an announcement is made.

You don't have to wait until 2011 to go topless in a Camaro

Spending $16,000 or more to make a Camaro into a Camaro convertible isn't a rational decision, but we can certainly understand people wanting one. We drove the concept version of this car from Chevrolet two years ago ("Top This!" AW, July 2, 2007) and loved it. Back then, Chevrolet planned to release a convertible version of the new Camaro in November 2009, but an economic cliff intervened, pushing production to the second quarter of 2011.